Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Hilton Worldwide Holdings Inc., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Hilton Worldwide Holdings Inc. EBITDA increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Hilton Worldwide Holdings Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 58,487) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 2,303) |
| Valuation Ratio | |
| EV/EBITDA | 25.40 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Airbnb Inc. | 33.75 |
| Booking Holdings Inc. | 20.63 |
| Chipotle Mexican Grill Inc. | 39.65 |
| McDonald’s Corp. | 18.34 |
| Starbucks Corp. | 16.33 |
| EV/EBITDA, Sector | |
| Consumer Services | 20.71 |
| EV/EBITDA, Industry | |
| Consumer Discretionary | 20.14 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Hilton Worldwide Holdings Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 57,765) | 47,646) | 50,897) | 38,162) | 38,708) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 2,303) | 2,311) | 1,145) | (164) | 2,004) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 25.08 | 20.62 | 44.45 | — | 19.32 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Airbnb Inc. | 40.65 | 36.61 | 338.63 | — | — | |
| Booking Holdings Inc. | 19.60 | 19.20 | 45.39 | 73.17 | 10.49 | |
| Chipotle Mexican Grill Inc. | 36.37 | 29.62 | 40.00 | 79.87 | 34.03 | |
| McDonald’s Corp. | 18.04 | 20.87 | 17.49 | 21.03 | 17.65 | |
| Starbucks Corp. | 17.75 | 19.88 | 18.77 | 38.99 | 17.27 | |
| EV/EBITDA, Sector | ||||||
| Consumer Services | 20.97 | 22.11 | 25.46 | 59.23 | 16.04 | |
| EV/EBITDA, Industry | ||||||
| Consumer Discretionary | 17.94 | 19.55 | 21.16 | 29.01 | 17.75 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 57,765 ÷ 2,303 = 25.08
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Hilton Worldwide Holdings Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023. |